Under the terms of the recent acquisition, Precision Technology will move its operations to NPI’s New Jersey facility.

"The NPI team has known Precision for a long time and has always thought highly of the business,” according to Valentus CEO Ray Chlodley. “We are excited to add these products to the Valentus lineup as we look to expand our presence in the floor coatings market.”

Valentus is a platform of Detroit-based Huron Capitol Partners private equity firm. The business is actively looking for additional complementary coatings companies to grow its platform, Chlodley added.